In 24 May 2000, United Industrial Corp (UIC) owns close to 60% of Singapore Land. Over the next 14 years, UIC accumulated Singapore Land shares up to 80%. Finally on 24 Feb 14, UIC offered $9.40 to buy out the remaining shares of Singapore Land.
What’s so great about Singapore Land?
Singapore Land is a property investment and development company, and partly owns numerous properties in Singapore.
Commercial:
- Singapore Land Tower
- SGX Centre 2
- Clifford Centre
- The Gateway
- Abacus Plaza
- Marina Square
- West Mall
- Novena Square
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Residential:
- The Trizon
- The Excellency (China)
- Archipelago
- Shanghai Chang Feng (China)
- Mon Jervois
- Farrer Drive
- Bright Hill Drive
- Alexandra View
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So what if Singapore Land part owns these properties? What if these properties are sold at a discount to market value? How does that sound to you?
The guys behind the deal are Wee Cho Yaw (4th richest man in Singapore) and ......
